benjaminfabi
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Your second statement is correct. The unit price by definition has to take into account all actual charges that have been paid. The OCF, TER, OCF Ex-ante etc are just variations in the calculations to report them. My interest is in the technical …
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Advisers will need proof from 10 March 2020 that the Trust has been registered before it can do business with it, but it's not clear what will happen with Trusts that haven't registered but are still within the deadline - I imagine you'd have to tel…
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The way I read it Richard, my wife and I will need to register the express trusts that hold our life insurance policies before 20 March 2021. Obviously we're registering them as the respective trustee. If I see an adviser, then as long as they ar…
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City Trustees/Mattioli Woods especially if you need borrowing they've had decent service from a couple of my advisers clients
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This is a great post! I never use however in the middle of a sentence to separate two clauses. I would use but, or a full stop with however to start the next sentence. I feel like however should be preceded by a semicolon and not a comma. It's…
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Congratulations Eleanor.
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Hi. How quickly? And where are you pulling the source data from? I have a process that uses a custom table from FE. It's still a bit manual, but it produces output like the attached picture. Happy to chat about it, DM me if you like.
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Well if its a gpp it would be an employer's scheme? The results there show it as a RAS eligible contribution. I'm the same as you Richard and expect to be seeing £60 from net pay but literally none of the online salary calculators are doing th…
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Hi Meghan If I could have my time again I would definitely sit J and AF papers at the same time. It is basically the same syllabus, but the exams have a slightly different application of the knowledge. You can get a feel for the differences looki…
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Ah that's useful on the howwow, cheers. Expect pre webinar questions! I'll check nextgen too
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Bumping this because I'm interested in who you used for business protection training Dan?
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Hi Andy, You are correct.
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Almost all the planners I work with use in-house low cost passive portfolios, usually 5 or 6 funds. For smaller fund values (like JISAs) they'll use Vanguard Lifestrategy. Mostly these are bought in from a third party - see Cormorant Capital and Alb…
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It's all money out, subject to 5% and chargeable event rules. I did a big tranche of something similar for an adviser who had some legacy Prudential a few years ago. Although they'd not been taking natural income, the original adviser had set the…
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Ruth, I think that's the best you can expect to be able to do with the information you have. I did something very similar here with the maths basically the same as yours.
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Hi, If you're doing an ex-post disclosure then I think it's too simple to do it as you have. Then again, it's how I've done it where it's been the only option. The problem is that as soon as you do it without actual data at the actual points, it'…
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Colin, I'd focus on just using the software for the TVC at NRA, carving out the only remaining transferable benefit he has in the scheme and treating it as its own benefit. You'll need to manually calculate the expected DB pension at age 65 and u…
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Hi, Off the top of my head: * Access to capital? Pretty sure Octopus Choice is unrestricted with no minimum term. * How interest is paid, ie as an income or as a reinvestment and is there a choice * Minimum deposit amount. * Diversificati…
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@ruthiebusybee the RIY can be lower. RIY is a calculation to show what the fees would be worth if they'd been invested. If the client had kept the cash used for fees and the invested portfolio had fallen, they're better off than if the f…
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Thanks Richard, I reached the same conclusion re a clause in the will. messy and flawed. Although IHT is spared through spousal transfer, what if there is no such clause or it is revoked/changed for some reason and the FIB ends up falling into a …
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Great thanks Richard.
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This is a common practice for discounting charges when there is a single fund class with a flat AMC for all investors. Bonus units effectively replace 0.52% of the 1% charge. This is how Royal London's Pension Portfolio operates, although it does…
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As for a pension, the investor can't make a claim to the FSCS in respect of the fund within an offshore bond defaulting on its obligation to investors, because the investor doesn't own the assets. It's further complicated with tax residency of the …
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> @Nath said: > Good question Aron. I have a feeling it will be 'Sally is an adventurous investor, therefore, fixed interest pension does not match ATR' Agree.
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Looks like a lot to go on in that. Quickly skimming through, I'd be thinking about: * BTL property, funding and the taxation and offset of mortgage payments for a HRT, therefore ownership considerations (plus usual pros and cons). * those corp…
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Excellent, Theresa. Great initiative. Thanks
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Hi Colin The original situation ends up with BCE1 funds designated into FAD of £1.05m, after the payment of the LTA charge. At age 75, the relevant BCE is BCE5a: Where a member reaches age 75 with a drawdown pension fund or flexi-access dra…
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Correct. You don't own the assets, the trustees do.